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FOX
Aug 11, 2009 5:00am EDT
is taking used cars off the market...and helping drive prices up. used car sellers are seeing higher prices....as are buyers. what you'll find on the used car lot. in the meantime, general motors and ebay join forces in hopes of selling more * new* cars...how the automaker and online auction giant plan to do it. also, after the mortgage meltdown, is the market finally returning to normal...and what could that mean for home buyers and sellers? ...plus a look at gold...it's all ahead on this edition of first business. markets in a waiting game this week after digesting all the news that happen in the past week earnings season trailing off the jobs number not getting any worse it will we've seen over the past several months and now waiting for the federal reserve cut to give its blessing on any kind of into this recession. big news for investors this week but if you noticed in recent days the nasdaq has not been able to make a new high so since is banned and overall leader it could mean that the market may be pulling back and pull back motor running out of steam and certainly is
FOX
Aug 27, 2009 5:00am EDT
itself out of the recession. what *commodities may be telling us about the economy. and healthcare remains front and center..a look at medicare part d...and the prescription drug program's impact on patients and nvestors. a02 " was a very loud stock market rallied is given away to make quite rowdy last seven trading sessions the dow jones industrial average has climbed higher by almost 5% we are seeing the dollar levels we haven't seen since the week after last halloween. the banks have been holding their own as well participating in this rally and the fdic now is making it easier for private equity for us to buy the failing banks by easing the regulations on capital requirements in this move happens as the pace of the bank failure since to pickup more than 80 banks have been shut down by fdic in and last year been fair with the number total to over 900 and time the fdic has been more than $20 billion building with these bank foreclosures. and part of the toxic assets that remain on the assets of so many banks. a03 now that the cash for clunkers program is over.. where does that le
FOX
Aug 3, 2009 5:00am EDT
. one month has made a year. it used to be seven to 10% return in the stock market was a pretty good year. we've seen a 7 percent return in the month of july for the dow jones industrials average. >> and the s and p 500 up 9% since january, in the midst of second quarter earnings, recent days these earnings have been coming in a little bit more disappointing. but keep in mind we still have yet to hear from big retail companies, wal-mart, target, j.c. penny's, kohl's. that will have the market's attention. >> a couple of consumer type of issues, unemployment coming out on friday, auto sales coming up monday. it will include one full week of the cash for clunkers program. >> this week u.s. senators are expected to take up the controversial cash for clunkers program. they are likely to vote on whether to infuse billions of more class. last week the house of representatives overwhelmingly voted yes to putting in an extra two billion dollars to continue the cash for clunkers program. after just one week, car dealerships across the nation are reporting they told tens of thousands of new ca
FOX
Aug 12, 2009 5:00am EDT
relief program may be in some trouble of it's own...worries that the money hasn't been used to buy toxic assets from banks. and more than two hundred miles per gallon. that's the promise from g-m about its new electric car....just one of the new models g-m hopes will rebuild its business. plus, as kids head back to school, parents look for ways to save. where they're pinching their budgets getting kids ready for the classroom without breaking the bank. ahead of hump days market action is one of those days where it's all about the federal reserve. no big surprise that the federal reserve is due to make its announcement regarding interest rates, rather the concern is about exactly what is its assessment of the economy. well tom, we'll also be watching earnings from the nation's major retailers over the next few days. we're talking macy's, wal-mart, coles, j.c. penney's. we certainly know that consumers, people for the most part are still reluctant to spend that extra cash and these earnings reports from retailers could give us a good glimpse into how consumers are holding up. and we
FOX
Aug 18, 2009 5:00am EDT
us at the cme group in the what about the tone of the market sell-off we saw one day i envy yesterday's basically started from the open requite a bit ahead of the opening bell and we did see a little bit of a sell-off in the pit but it basically died out we had a very trading session in the most part with the closing bell copper very low about about an but it's been typical of the month. have no that the sell-off is in due in part because traders and investors are dumping their long positions but what about people initiating new short positions to what extent is that happening. fat than we are seeing that with little bit of least some of it started on friday night there was a big sell signal forswearing traders coming round 10 05 even 10 04 when a lot of selectivity that we busy friday. the pullback friday afternoon had some of those sorts concern to the new and is still short concern put in by the proposal would we can do very well coming in monday morning and the close monday. what's your opinion about how for the sell-off in gold? let's get a fair amount opening to contin
FOX
Aug 25, 2009 5:00am EDT
dollars. and now his bank... wells fargo .. says it's worth 531,000 - after using an automated valuation model - based on that estimate.. wells fargo cut hickman's home equity line of credit from 75 - thousand to 31,000.. and now he's taking wells fargo to court... hoping to reinstate his credit line. i want wells fargo to do the right thing - make an individual assessment on my property - not have pull up my address from a computer ... and say it's worth x.. because it's not an accurate assessment "michael hickman says in this case.. the automated valuation model wells fargo used did not capture the true value of his home... you can see it's practically new.. built in 2006.. where 90% of the other homes in this neighborhood are significantly smaller." they used automated system.. did not take into account characteristics of home that secured the line of credit.. and by not taking that into account, they broke the law. hickman's attorney.. says he's fighting for class action status in this case against wells fargo. "in just the 12 hours after we filed this lawsuit.. over 400 people conta
FOX
Aug 31, 2009 5:00am EDT
. call this has been grinding itself out when they left to m f global with us at the cme group and we have to talk about the bond market more about the stock market later in the program. what do you think the bond market is telling us about the economy? for that matter about the stock market? i think what we are seeing the bonds trade suggest that there are very strong crosscurrents have on the positive side debate has been better durable orders for better home sells all-time lows additionally their profit new laws fairly constructive but on the downside i think people are still very concerned about the consumer and how the fact that their balance sheets are very much over leveraged. we are in a balanchine and recession and the fact that home prices are very depressed and there has been a considerable amount of wealth lost is still and pent- up consumer moves going for once the cash for clunkers deal has moved to gdp and is now passed in cash for appliances what else will drive demand and i think that's what the bond market is reflecting. we have been seen interest rates trend hi y
FOX
Aug 20, 2009 5:00am EDT
of these airline companies shares down between two and 4%. and experts and have been warning us that if there is no resurgence in consumer demand for air travel it could really put these airline companies in a world of hurt starting early next year. the oil stocks were excited on the other side because of a possibility of up take in demand for energy may be as this economy tries to stabilize. the debate intensifies between a government run health insurance plan ... and the idea of a health insurance cooperative... with republicans fiercly opposed to anything run by the government... it appears the cooperative concept could be gaining steam... as talks on compromise legislation continue on capital hill. the idea of a health cooperative isn't something new.. in fact washington state has its own group health coop with close to 600,000 members madison wisconsin also has one with 62,000 members.. we asked its executive director - how long it would take for americans to see lower health care costs... under a cooperative i think it would be immediate... what a non profit coop does is t
FOX
Aug 4, 2009 5:00am EDT
government's cash for clunkers program helped stop the bleeding in the us auto industry but is it enough to spark a turnaround in sales?... that story is coming up after this in-the-know message. we now know what a billion dollars will get the u-s economy. it will get more people buying new cars. while not exactly a turnaround, one week of the cash for clunkers program helped stop the freefall of auto sales. ford sales in july were up by two percent. g-m sales fell by almost a fifth. chrysler sales were down by 9 percent all compared to a year ago. but for the auto industry it adds up to the lowest year over year drop in sales in nine months. dave thomas is with cars.com. over at the cme chicago board of trade i suppose to some degree it's been a perspective because of sales overall still dropping by a double-digit pace from a year ago but of these in the summertime racine an uptick in interest. that's right people were and think about buying a car this summer or this year will run until the car died are now buying cars with disincentives. would be think certainly some of these ca
FOX
Aug 5, 2009 5:00am EDT
us dollar, we'd see a run in crude and that would lift gas prices - and see higher prices at the pump " for every 10 dollar a barrel increase in the price of crude oil - gasoline prices are expected to rise about 24 cents a gallon. a04 well we give back in the oil prices on tuesday but the stock market rally continuing. umrai gill along with us with performance trust capital over at the cme group. umrai as we've seen the stock market rally continues since march how is that a fixed income especially those mortgage backed assets across your desk? well you've seen on that asset class moved very much in line with equities over the past number of months. and reason being those assets are secured by a lot of the same assets that exposed the equity markets. housing. real estate. so some of the fundamental numbers we've seen recently have really developed a bid not only in equities but in junk bonds as well as residential mortgages. they've all gone up in price, others better liquidity, and the fundamentals seem to be improving. and the technicals are definitely much better. yes i want a
FOX
Aug 14, 2009 5:00am EDT
supposed to protect consumers... it may end up costing us all.. a lot more in the long run. experts say we're already seeing higher interest rates.. and in the future? possibly even fees on customer service of all things. consumers are already bracing for major changes with their credit cards....considering how card companies are reacting to the tougher rules. i think twice.. if i had 500 dollars.. i ask would i spend cash before i charge it.. i hope a lot of people are.. and you are? absolutely starting next thursday - consumers will see new protections in place... for example, your credit card issuer must notify you in writing 45 days before making changes to the interest rate.. or any other major terms. and companies must mail monthly statments at least 21 days before the bill is due. experts say you should be paying close attention to any mail from your credit card company. "it's important to open it and see what the changes are... if you don't understand them . give a credit card issuer a call and ask them." experts say these new rules on credit card companies are going to affe
FOX
Aug 17, 2009 5:00am EDT
mentioned earlier a lot of housing data due in the week ahead peter along with us over at the cme group certainly that's going to be catching him lines in the days ahead still holding to the gains that we have seen recent march in the july gains with the make of the market over all? there has been a few big things that happened since march relaxed a fast the roles are in the bank's bailout but accounting rules to change which has helped drop interest rates a bit of these teams have helped put a bit into the stock market. you had earnings come better than expected so we have a lot of very scary scenarios actually not come to pass and the market has rallied as a response. do you think as and be close to a thousand is fairly about you? i'm want to say the market is always correctly priced. i do think going thwart the the pain that exist in the economy has not in any way dissipated and i think as we get into the fall and we start to get growth numbers would better transit to that we will reprise equities in little bit low. i think in the very little too high. will pull for the oppressed bas
FOX
Aug 10, 2009 5:00am EDT
as optimistic as the rest of us. less bad it has been the name of the game saw the private with the jobs number steal quarter million americans losing their jobs in the month of july not a good thing but a lot less compared to previous months. now that the cash for clunkers program has new fuel to keep running... politicians are hoping it will continue to boost auto sales... in just 2 weeks... more than 200-thousand new cars were sold under the program... and while many are calling it a success... it's putting a huge burden on junk yards... that have to dismantle and dispose of those so called clunkers. here at robbins auto salvage.. they're clearing space for about 200 gas guzzlers that will be coming in from the cash for clunkers program. once the clunker gets to the junk yard.. the engine is already disabled... they've got just 6 months to sell all the parts they can... and then they have to turn it into scrap metal. we have to do paper work..document.. tow them drain teh fluids crush them.. get rid of them... theres not money allwoed for us.. and we pay for them on top of that..
FOX
Aug 24, 2009 5:00am EDT
us at the cme group just a week ago creepers and downdraft in the market and nothing but a buyer since then. real strong move on friday and probably expecting more of the same talk about a short squeeze it was obviously a good housing number and i and exciting about that it's coming up all to the bottom is another story is a situation where you are seen institutional buying coming into the recipes nasdaq in the dow jones traded above the you haven't seen the number in a long time. does it make sense to you from a fundamental expects? emotional force short and i know people are excited when they see a decent housing no. but it's not as good as people think if there are a lot of this press housing and there are a reason people are buying things in 54 and 30ยข on the dollar i get excited when everybody else until then i'm not. if your looking at the index s p five pondered the think it's over about you? i said it was over by you at 1015 i said was about u. s. 10 05 floor traders may not be the best we like to see a market go down when the fundamentals should say it would go down but
FOX
Aug 28, 2009 5:00am EDT
disease and treatment of and the avoidance of a chronic condition will also help us. when talking about credit conditions we can identify with health care span is. what the majority of those dollars to hone the those dollars go towards treating? when you look a survey results 30% of people who actually have health care costs are driving 65% of the spend so is a significant part of the population with a significant part of this band. that is where employers have refocused a lot of time and attention and communication efforts when the project field. beyond medical insurance i want to take a look at dental and vision and coverage for us to cover all the still continuing to show their rolling waves of increases here what are some of these key drivers not only with dental and drug costs but the key drivers of wall with health insurance increases. i go back to some of the chronic conditions that the population has and you look at the increase in utilization of medical advances nursing physicians toward just that there are a variety of those that contribute to overall health-care costs and the
FOX
Aug 19, 2009 5:00am EDT
tablecloth so certainly keep an eye on those health care and trust fast-food us a choice in as this is costing the stocks and put someone tried later may be exactly the clearest indication of where this day's date may be headed its core to affect all americans and likely going to affect federal and/or net both policies in the years ahead. new government figures show 1.7 billion dollars of the cash for clunkers program has already been used up... but car dealerships across america have barely seen any of that cash... and for some it's turning into a cash crunch for business. here at highland ford.. just outside of chicago - they've sold about 60 new cars under the cash for clunkers program.. and they're now waiting for the cash. there are some car dealers in the chicago area that are waiting to get paid reportedly up to half a million dollars from the us government. that's why they're keeping the clunkers on their lots...not disabling the engine until after they get paid. i'm confident we'll get paid, just hope it's more timely payment al frisch president of highland ford says many car
FOX
Aug 26, 2009 5:00am EDT
will take a look and home- building stocks and with and maybe telling us feel about the housing market in the future. uncle sam is so deep in red ink... that even the white house is re-figuring its projections for the out-of-control federal budget deficit. the past year's stimulus efforts to save the failing economy... have added mountains of more debt onto the government's balance sheet.. new goverment figures indicate this year's budget deficit will climb to 1.6 trillion dollars.. which would be a new record.... that's 3 times the size of last year's budget deficit and the white house projects over the next 10 years.. between 2010 and 2019 - the cumulative deficit over that decade would reach 9 trillion dollars... that's 2 trillion dollars more than originally forecast earlier this year. another government report issued by the congressional budget office says.. these large deficits will hurt economic growth in the future. large deficits are also sure to hit american's pocketbooks in a big way.. especially if it comes finding new sources of revenue such as raising payroll and o
FOX
Aug 13, 2009 5:00am EDT
with a head of the organization leaves your she is lead us one step around. procurements million one become the senior vice president all of a sudden. take a look at the big criticism of his stewardship which is the huge expansion of the federal reserve policy don duva years when he took over as $860 billion know better than twice that almost three times that one. earlier in this year. this is what critics are going to point to before president makes a decision. i see it as a problem we have to look back at at the historical some portion that he found himself in a year or so ago and it was a wonderful thing. my high marks is for doing that. in the two trillion now isn't a problem the problem is how did it get back into a hundred billion or even below? it's all uncharted territory but we have a message with some like this before but there was a true a year ago and he has done well and moving the economy thwart in having the fed assist the economy where it needs. you work with the chairman you know if he's interested in serving again? in the most powerful economic country in the world
FOX
Aug 6, 2009 5:00am EDT
industry has come back and recommended to us, that in many cases they feel that that's where their members are now in terms of how the funds are being managed. and so to that extent i don't think that we would wind up in a way damaging the value proposition for investors. but we should learn from what occurred in the last two years. i think it would be -- we would be remiss if in fact we didn't go back and see if there are ways to strengthen it. >> before joining the feds, donohue chaired the global risk oversight committee at merrill lynch. online you can see our conversation about what he thinks about how risk was managed by the pros. >>> from foreclosures to skyrocketing energy prices, why the american dream is quickly turning into a nightmare. on our website see what it's going to take to keep that dream alive. plus why small businesses still have yet to see stimulus money. why they're not optimistic it would even help. and the analysts expect gasoline prices to remain steady for the rest of the year. you can find these stories on our website, firstbusinessx.com. and straight a
FOX
Aug 21, 2009 5:00am EDT
calling for that instead of looking for stabilization at best we have lincoln ellis he's with us over at the cme group. still to come big bucks, big risks...and the big screen. an independent movie distributor looks to stay afloat with a big release this weekend. but first....paying for college...tips for struggling parents and kids hit by the recession..what they can do to help ease the burden of tuition. as a new school year is about to begin, how about this math lesson: for every $100 you borrow from uncle sam to pay for college, it will cost you about $6 bucks. with college tuition continuing to rise, odds are better than half of new college graduates next spring will leave school owing money. farnoosh torabi wrote "you're so money" and hosts "bank of mom and dad" on soapnet this fall. as the new school year is about to begin how about this math lesson for everyone hundred dollars he borrowed to pay for college it will cost you about six bucks for college school tuition rising. new college graduates will leave school calling money thousands of dollars and i'll use she wrote y
FOX
Aug 7, 2009 5:00am EDT
our friday magazine and is with us a been zero long time till we seen him over at the cme group welcome back it's good to see you. it thinks. take a look at the market you're trying to drift higher certainly in the month of august ahead of these jobs numbers would you think that foretells for the rest of the month? all this is historical the not a huge up much but statistically i won't be surprised cut end of the know will be higher i do have concerns the market has grown a ahead of a tear for last week to cut a lot of ground very quickly and we haven't seen a healthy pullback this point if they tried to sell the market off numerous occasions empire is coming in in the late afternoon each and every time i'm still looking for a sizable pullbacks put this rally to be healthy and continue higher long term. if bond rose less bad job numbers so in effect on friday would you be? i think that's a distinct possibility if it. and a d p report big challenger job report in both reports raise the red flax perhaps companies small to medium-size companies are going to be going through another
Search Results 0 to 20 of about 21